Mr. Jochen Tilk, President and Chief Operating Officer of Inmet Mining Corporation (IMN-TSX), will be speaking on Wednesday, June 11, 2008 at 9:30 a.m. (Eastern Time) at the RBC Capital Markets’ 2008 Global Mining and Materials Conference being held in Toronto, Ontario, at the Four Seasons Hotel. A webcast link and slides of the presentation [...]

Cabot Oil and Gas will buy 25,000 acres of oil-producing properties in east Texas, as well as production infrastructure, for $602.8 million.
The purchase was from a private party, Cabot said, and is near existing Cabot properties in the Minden area.
Cabot estimated the purchased fields have proved reserves of 176 billion cubic feet of equivalent.
“We view [...]

Monarch Gold Mining Company announced it has hit the ground running at the Mount Magnet Project, with early optimisation studies delivering positive results for open cut and underground operations. The Company reported at A$1,000/oz and using current costs, resources modelled returned positive cashflows of $111.8m; and an exploration program is in place to expand gold [...]

Mantle Mining Corporation advised that it is currently completing detailed planning and targeting for a major acceleration in the scope and intensity of activities at its Gold projects. The Company’s Gold portfolio consists of three projects, all of which are in historic Gold mining provinces. All three projects have each recently seen completion of detailed [...]

Wellex Mining Corp. of plastics king William Gatchalian is investing P473 million for an ore project in Dinagat Province.
The project involves the production of beneficiated nickel ore for exports to Macau, Japan, China, Taiwan and India.
The mining facility will have a capacity of 1.2 million wet metric tons of beneficiated nickel ore per year.
It will [...]

Shares of China’s Yanzhou Coal Mining Co. trading in the U.S. helped pull an index of emerging markets ADRs down in Wednesday afternoon trading.
The company’s ADRs fell $11, or 10.3 percent, to $97.71. ADR stands for American Depositary Receipt, which is a security designed to allow U.S. investors to trade shares of companies based overseas.
The [...]

Another British-owned mining firm, Semco Exploration and Mining Corp. has been granted two exploration permits by the Department of Environment and Natural Resources (DENR) to search for gold, copper and other minerals in Agusan del Norte.
Semco is 99.98-percent owned by Semco Minerals Plc, is investing a total of P6.325 million to conduct a two-year exploration [...]

Acadian Mining Corporation (TSX: ADA; “Acadian” or the “Corporation”) announced today that it has acquired 50% of the outstanding shares (”Shares”) of 6179053 Canada Inc. (”6179053″) as well as a shareholder’s loan in the amount of $68,745 for an aggregate purchase price of $1,068,745. 6179053’s only asset is the Fifteen Mile Stream gold property comprising [...]

Ramelius Resources announced that mining has recommenced at its Wattle Dam Gold Mine in the Spargoville gold/nickel belt located 25 kms west of Kambalda in the Eastern Goldfields of WA and a cut back to the open pit has now commenced. It reported further that the construction of essential roads and infrastructure has been completed [...]

Vangold Resources Ltd. (CDNX:VAN.V) (Other OTC:VNGRF.PK) (”Vangold”), further to a news release of May 21, 2008 announcing the drill program, drilling commenced at the Kafunjo concession on May 25th. Mr. Locke Goldsmith, P.Eng., P.Geo., reports that as of June 1, the drilling was going well and that the first hole, logged to 288 meters, showed [...]